Forex
Investing.com - The U.S. dollar edged higher Wednesday, climbing towards its highest level in November ahead of the conclusion of the latest Federal Reserve policy-setting meeting.
At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 106.240, after earlier climbing as high as 106.380, near the 106.51 mark that would be the highest since Nov. 1.
Does the Fed still see rate cuts this year?Investing.com-- Most Asian currencies kept to a tight range on Wednesday, while the dollar came close to a six-month high as anticipation of a Federal Reserve meeting kept traders largely biased towards the greenback.
This saw the Japanese yen weaken even after suspected government intervention sparked a sharp rebound in the currency earlier this week.
A slew of regional holidays in Asia, for Labor Day, also kept most regional currencies treading water.
Dollar near... (continue reading...)By Alun John
LONDON (Reuters) -The dollar edged towards its highest level this year against a basket of peers and U.S. share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.
The dollar gained over 0.5% on Tuesday on the six currencies that make up the dollar index, and the gauge rose as high as 106.49 on Wednesday, a whisker off its highest since... (continue reading...)
By Harry Robertson
LONDON (Reuters) -The dollar inched towards its highest level since November on Wednesday ahead of a Federal Reserve interest rate decision later in the day, after data on Tuesday showed more signs of inflationary pressure in the U.S. economy.
Meanwhile, the yen held steady after dipping overnight to its lowest level since suspected intervention by Japanese authorities on Monday.
The dollar index, which... (continue reading...)
If USD/JPY moves back above 157 there is risk of further intervention, said analysts at ING.
"USD/JPY has stabilised around 156/157, which is in line with the price action dynamics after FX intervention on 22 September 2022 (as noted yesterday). If we continue to follow the September 2022 script, then USD/JPY should grind higher in the coming days. This time, USD/JPY appreciation would not just be consistent with yield differentials, but can also be triggered by a more... (continue reading...)
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